Questions from Accounting Information Systems

Q: How might the sales and cash collection processes at a Wal‐

How might the sales and cash collection processes at a Wal‐Mart store differ from the sales and cash collection processes at McDonald’s?

Q: How is integration across business processes different between legacy systems and modern

How is integration across business processes different between legacy systems and modern, integrated systems?

Q: Describe how a cost accountant would cancel a production order upon completion

Describe how a cost accountant would cancel a production order upon completion of the related product. Why is this important?

Q: When taking a physical inventory count at a typical manufacturing facility,

When taking a physical inventory count at a typical manufacturing facility, which category of inventory (raw materials, work‐in‐process, or finished goods) is likely to be the most time consuming to c...

Q: Using the table below, match the IT systems on the left

Using the table below, match the IT systems on the left with their definitions on the right:

Q: Describe the steps in source of capital processes and explain how top

Describe the steps in source of capital processes and explain how top management is involved.

Q: Describe the steps in investment processes and explain how top management is

Describe the steps in investment processes and explain how top management is involved.

Q: Explain the internal control environment of source of capital and investment processes

Explain the internal control environment of source of capital and investment processes.

Q: Describe the steps in a manual accounting cycle.

Describe the steps in a manual accounting cycle.

Q: Describe why there may be two authorizations related to revenue, expenditures

Describe why there may be two authorizations related to revenue, expenditures, and conversion processes before they are posted to the general ledger.